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Austrian Municipalities: Real Deficit Ahead
Politics ♦
Published: December 14, 2012; 22:29 ♦ (Vindobona)
Until 2016, Austrian municipalities expect that the financial resources for investments and debt reduction will decrease.
Austrian Municipalities: Real Deficit Ahead / Picture: © Vindobona.org
According to the Austrian Federation of Municipalities, the financial scope of municipalities is decreasing from year to year. At the moment, Austria´s municipalities are able to record a small budget surplus.
This year, the situation is rather positive. For the first time since 1985, Austrian municipalities could reduce their debts in real terms, the Federation of Austrian…
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